Junior Actuarial Analyst SALARY : R420 000 CTC LOCATION : JOHANNESBURG Closing date : 29 JULY 2020 Qualifications and Experience BSc Actuarial Science Degree 1 - 2 years actuarial experience in a similar position, preferably in Short-Term Insurance Knowledge Trend analysis and forecasting Modelling in relation to scenario analysis and stress testing Technical Skills Computer literacy Business arithmetic including percentages and decimals.
Business data processing principles as applied to financial record keeping. Budgeting Project Management ROLE DESCRIPTION Job summary statement / purpose The Junior Actuarial analyst assists the Actuarial Manager with the day to day operations of the actuarial department within the company.
This would include the valuation of technical provisions, capital modelling for economic and regulatory purposes, stress testing and scenario analysis, assisting with reinsurance reviews and being involved in any updates to pricing basis.
KEY PERFORMANCE AREAS (DUTIES & RESPONSIBILITIES) : Capital Modelling Execution of regulatory and economic models Ensure completion of risk metrics for use in reporting to Risk Committee Support the Actuarial Department with periodic asset liability allocation exercise.
Assess Market and Credit risk based on appropriate VaR models Preparation of information required by Actuary for calibration of capital models Assistance with reinsurance assessment for reinsurance renewals Reserving Assimilation and verification of required data Analysis of claims experience relatives to reserves Quarterly reserving calculation Compile reports and documents Provide assistance with periodic pricing exercises Assist with quarterly and annual regulatory reporting Assist with experience investigations Ad hoc duties Perform any reasonable task as and when required by the Line Manager.
Attributes / Values Excellent self-motivation skills Keen attention to detail Analytical and creative problem - solving skills Excellent organisational skills Ability to work accurately under pressure Interpersonal communication and presentation skills Sound written and verbal communication skills Ability to work autonomously, however collaborate with team where necessary Desired Skills Excellent self-motivation skills Keen attention to detail Analytical and creative problem - solving skills Excellent organisational skills Desired Work Experience 1 to 2 years Desired Qualification Accreditation Degree